Securities and Exchange Commission Historical Society

This Week in SEC History

August 13, 1968 - Texas Gulf Sulphur Decision. Today in 1968 the 2nd Circuit ruled in SEC v Texas Gulf Sulphur. General Counsel Phil Loomis wrote that in finding against officers who issued a misleading press release the court had, for the first time, accepted SEC insider trading criteria. The standards endured for a decade.
Program
Photos of Mary Jo Gillette and Carmen J. Lawrence arranged side by side.
Alan L. Beller, David M. Lynn, Shelley E. Parratt, Harvey L. Pitt, Annemarie Tierney

Thursday, July 21 // 2:00 - 3:30 pm (ET)

The Sarbanes-Oxley Act at 20: A Corporate Governance Legacy

Watch Recorded Event

The Historical Society hosts a live webcast on Thursday, July 21 in recognition of the 20th anniversary of the enactment of the Sarbanes-Oxley Act of 2002 (SOX). In this program, we shine a light on provisions of SOX dealing with corporate responsibility and enhanced financial disclosures. Issues for discussion include CEO/CFO certification, director independence, audit committee responsibilities, compensation recovery, prohibition on personal loans, a Code of Ethics requirement, more rapid and fulsome corporate disclosures, and additional governance reforms that were not required, but inspired, by the Act and promulgated by the New York and Nasdaq stock exchanges.

Our panel of former SEC regulators on the front lines of SOX implementation 20 years ago address the historical context in which these reforms came about, provide insights into the SEC’s efforts to implement the new requirements, and consider the lasting legacy of the Sarbanes-Oxley Act on the governance of public companies.

Panelists:

  • Alan L. Beller – former Director, SEC Division of Corporation Finance (2002 – 2006)
  • David M. Lynn, former Chief Counsel, SEC Division of Corporation Finance (2003 – 2007)
  • Shelley E. Parratt, former Deputy Director, SEC Division of Corporation Finance (2003 – 2021)
  • Harvey L. Pitt – former Chairman, U.S. Securities & Exchange Commission (2001 – 2003)
  • Annemarie Tierney, former Assistant General Counsel, NYSE Euronext (2002 – 2008)

New Oral Histories
Photos of Mary Jo Gillette and Carmen J. Lawrence arranged side by side.
Merri Jo Gillette, Carmen J. Lawrence, and Lori A. Richards

Museum Adds to its Oral Histories Collection

In constructing a new gallery on the history of the SEC’s regional offices to be launched later this year, the Historical Society conducted nine related oral histories over the course of the past year: Wayne M. Carlin, Marc Fagel, Merri Jo Gillette, Daniel M. Hawke, Donald Hoerl, Kenneth Israel, Carmen J. Lawrence, Walter G. Ricciardi, and Lori A. Richards. Here, we feature three extraordinary women interviewed, each of whom played integral roles not only in the regional offices where they served, but as major forces in the SEC as a whole.

  • Merri Jo Gillette

    This oral history was made possible with the generous support of Baker McKenzie and Charles River Associates.
  • Carmen J. Lawrence

    This oral history was made possible with the generous support of King & Spalding.
  • Lori A. Richards

    This oral history was made possible with the generous support of Andrew J.Bowden, Peter B. Driscoll, Carlo di Florio, and Marc Wyatt.
See all Oral Histories >>
Video

What is the SEC Historical Society?


Program

Financial Reporting: A View from the SEC’s Chief Accountant


As part of a larger project to construct a gallery on the regulation of corporate disclosure, we filmed a special program that explores the SEC’s role in the development of financial reporting requirements and accounting standards with several of the Commission’s Chief Accountants and individuals who served in the Office of the Chief Accountant (“OCA”).

This program is made possible through the generous support of Deloitte & Touche LLP

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Annual Report

2021 Annual Report

Cover Image of the 2021 Annual Report

The SEC Historical Society is pleased to share its 2021 annual report. This report contains the highlights of Virtual Museum-related projects, the audited financial statements, and the lists of donors and contributors for the year 2021. This, and all other annual reports of the Society, may be accessed.

Read Annual Report

Permission for Use

The virtual museum and archive is copyrighted by the SEC Historical Society. The Society reserves the right to restrict access to or use of the museum by any user at any time.

Users are prohibited from sharing or downloading any material for publication or commercial purposes without written permission from the Executive Director. Requests for permission must be submitted by email and specify the material requested and for what purpose.

Material used with the Society's permission should be credited to: www.sechistorical.org.